NEW YORK (

TheStreet

) --

Simon Property Group

(NYSE:

SPG

) hit a new 52-week high Friday as it is currently trading at $160.93, above its previous 52-week high of $160.74 with 243,761 shares traded as of 11:05 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Simon Property Group has a market cap of $47.4 billion and is part of the

financial

sector and

real estate

industry. Shares are up 23.3% year to date as of the close of trading on Thursday.

Simon Property Group, Inc. is an independent equity real estate investment trust. It engages in investment, ownership, and management of properties. The firm invests in the real estate markets across the globe. The company has a P/E ratio of 31, above the average real estate industry P/E ratio of 30.9 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Simon Property Group as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

Simon Property Group Ratings Report

.

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52-week high stocks

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